Several of the nation’s largest payment-card-issuing banks are working with public transit agencies to enable consumers to pay fares by using payment cards, and more such partnerships may be on the horizon. On April 23, 2009, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a workshop to discuss the potential adoption of electronic payments by transit agencies from th...

Credit cards have many important benefits; however, these same benefits often carry with them many privacy concerns. In particular, the need for users to be able to monitor their own transactions, as well as bank’s need to justify its payment requests from cardholders, entitle the latter to maintain a detailed log of all transactions its credit card customers were involved in. A bank can thus b...

By introducing a new e-commerce paradigm that of disposable anonymous accounts we are able to reduce storage requirements, while protecting against strong attacks on the system, and keeping computational requirements low. Our proposed scheme reduces storage costs of payers and merchants to the lowest theoretically possible, offers users computational (but not revocable) privacy, and protects ag...

On September 25, 2001, the Payment Cards Center of the Federal Reserve Bank of Philadelphia sponsored a workshop on innovations in small dollar payments. The moderated discussion was led by Richard Corl, an entrepreneur with 25 years of experience in the electronic payments industry. From his perspective as a director of Ecount, a small dollar payments innovator, Corl described a range of chall...

Based onUKdata formajor retail credit cards,we build severalmodels of Loss GivenDefault based on account level data, including Tobit, a decision tree model, a Beta and fractional logit transformation. We find that Ordinary Least Squares models with macroeconomic variables perform best for forecasting Loss Given Default at the account and portfolio levels on independent hold-out data sets. The i...

In recent years interest-bearing checking accounts and ATM cards have become quite ubiquitous. These alternative payment methods offer many benefits, but a majority of households have yet to adopt these technologies as a means of payment. The goal of this paper is to answer why some households have been reluctant to make the switch. This paper uses dynamic discrete choice techniques to model ho...

purpose : design and establishment of persian near reading card for clinical use and practice methods : at first, card dimension, word and character size and specifications were calculated. then, english near reading card, richmond product inc, was considered as a template. context and syntax contribute to reading accuracy and efficacy of the richmond card was considered for designed persian ca...

Abstract The World Health Organization says money can spread all varieties of bacteria and viruses. A measure that be taken to help stop the Covid-19 is decreasing or ideally, eliminating, use cash promoting contactless payments. Cash remains a frequently used retail payment method specifically for small-value purchases. switch from cards other methods one major trends in consumer shopping fina...